Mass Notification Market Size, Share & Trends Analysis Report, Forecast Period 2024-2031.
Mass Notification Market Size, Share & Trends Analysis Report, Forecast Period 2024-2031.
Blog Article
The global mass notification market is anticipated to grow at a CAGR of 18% during the forecast period. The mass notification system is used by an organization such as fire and police departments, emergency management organizations, federal, state, and local governments, cities & communities, building owners & building management companies, and others. The increasing need for public safety and security is catalyzing the growth of the global mass notification system industry. Further, the market growth is attributed to the various benefits offered by the mass notification system such as personalized message delivery service, maximizing security, reduced response time, controlling of rumors & misinformation, affordable, and ease to use. However, there are some factors such as data privacy concerns, the dearth of mass notification systems, and single point failure associated with hardware systems that are hampering the market growth.
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Impact of COVID-19 Pandemic on Global Mass Notification Market
The COVID-19 pandemic had a positive impact on the global mass notification market. The rapid adoption of transformation strategies due to COVID-19 has instantly increased the need for online operations of the business, thereby fueling the need for mass notification. Additionally, various facilities are turning to mass notification systems during this COVID-19 pandemic to assist in sending messages that reach all stakeholders with timely updates. Furthermore, it is important to be able to send health and safety alerts and reminders to reduce the risk of spreading the disease as facilities are reopening.
by Deployment (On-Premises and Hosted),
by Application (In-Building, Wide Area, and Distributed Recipient), and
by Verticals (Government & Defense, Corporate Sector, Healthcare Facilities, Educational Facilities, and Others)
Market Players Outlook
The major companies serving the global mass notification market include Eaton Corp., IBM Corp., Honeywell International Inc., Motorola Solutions, Inc., and Siemens AG, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, geographical expansion, and collaborations to stay competitive in the market. For instance, in May 2019, Eaton Corp. introduced Trellix, an advanced connected lighting platform designed to drive efficient, effective decision-making for building operations.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global mass notification market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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